Tigo Energy, Inc., together with its subsidiaries, provides solar and energy storage solutions worldwide. It offers module level power electronics (MLPEs) to ...
Tigo Energy, Inc. is a worldwide provider of solar and energy storage solutions, specializing in module-level power electronics (MLPEs) and smart energy software. Founded in 2007 by experienced technologists including Sam Arditi and Ron Hadar, the company is headquartered in Los Gatos, California, and listed on NASDAQ under the symbol ...Tigo Energy, Inc. is a worldwide provider of solar and energy storage solutions, specializing in module-level power electronics (MLPEs) and smart energy software. Founded in 2007 by experienced technologists including Sam Arditi and Ron Hadar, the company is headquartered in Los Gatos, California, and listed on NASDAQ under the symbol TYGO. With a team of 138 employees, Tigo operates globally, offering products that maximize energy output, provide safety features, and enable intelligent monitoring.
Tigo's product portfolio includes the TS4-X series of MLPEs, the GO Energy Storage System (including GO Battery, GO Inverter, GO Link/ATS), and the Tigo Energy Intelligence (EI) platform, which offers monitoring and energy demand forecasting. The company also provides Tigo Predict+ for energy consumption forecasting and GO EV Charger for electric vehicles. These solutions are sold through distributors and solar installers, targeting residential, commercial, and utility-scale markets.
Financially, Tigo has shown a market cap of approximately $89 million (as of the latest data), with a price-to-earnings ratio of 8.1 and a gross profit margin of 42.4%. The company has invested heavily in R&D (9% of revenue) and sales & marketing (36.3% of revenue). Key financial metrics indicate a current ratio of 2.47, a debt-to-equity ratio of 0.145, and a return on equity of 31.9%. Despite a negative operating cash flow, Tigo maintains a positive net profit margin of 9%.
Under the leadership of CEO and Chairman Zvi Alon, Tigo is committed to accelerating solar adoption and enhancing energy resilience. With a focus on innovation and cost reduction, Tigo aims to expand its U.S. manufacturing presence and strengthen its position in the growing solar market. The company's comprehensive solutions and strong financial health position it well for future growth.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$103.5M
+91.7%
+0.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-1.9M
+97.0%
+224.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+42.8%
+656.7%
-8.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-4.3%
+95.5%
+30.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-1.8%
+98.4%
+223.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$9.7M
+170.8%
+85.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+9.3%
+136.9%
+86.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
9.7%
-98.1%
+139.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.50x
-52.1%
+0.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Good afternoon. Welcome to Tigo Energy's Fiscal Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Joining us today from Tigo are Zvi Alon, CEO; and Bill Roeschlein, CFO. As a reminder, this call is being recorded. I would now like to turn the call over to Bill Roeschlein, Chief Financial Officer.
Bill Roeschlein : Thank you, operator, and it's a pleasure to join you today from our corporate offices in Los Gatos, California. Also with us is Zvi Alon, our CEO. We'd like to remind everyone that some of the matters we'll discuss on this call, including expected business outlook, our ability to increase our revenues and achieve -- and maintain profitability, our overall long-term growth prospects, expectations regarding continued recovery in our industry, statements about demand for our products, our competitive position and market share, the impact of tariffs and other trade barriers, including U.S. restrictions on foreign produced power inverters, the anticipated impact of regulatory actions, including actions by the FCC and the European Union on demand for our products, our current and our future inventory levels, charges and reserves and their impact on future financial results, inventory supply and its impact on customer shipments, statements about our revenue and adjusted EBITDA for the third fiscal quarter of 2026, and our revenue for the full fiscal year 2026, the expected timing of the market introduction and volume ramp of our Section 45X and ITC-qualified optimized inverter solution, our ability to penetrate new markets and expand our market share including expansion in international markets and our continued expansion of and investments in our product portfolio and the timing thereof, and our U.S. manufacturing strategy are all forward-looking and, as such, are subject to known and unknown risks and uncertainties including, but not limited to, those factors described in today's press release and discussed in the Risk Factors section of our most recent annual report on Form 10-K, our quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2026, and other reports that we may file with the FCC from time to time. These risks and uncertainties could cause actual results to materially -- to differ materially from those expressed on this call. Those forward-looking statements are made only as of the date when made. During our call today, we will reference certain non-GAAP financial measures. We include reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures in our press release furnished as an exhibit on our Form 8-K. The non-GAAP financial measures provided should not be considered as a substitute for or superior to measures of financial performance prepared in accordance with GAAP. Finally, I would like to remind everyone that this call is being webcast and a recording will be made available for replay on Tigo's Investor Relations website at …